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Energy Blast – Oct 13, 2008

Smaller oil exploration companies across the UK’s energy sector will struggle to keep afloat due to debt refinancing issues caused by the financial crisis. Gazprom is looking likely to post some of its strongest profit margins this quarter due to the high price of natural gas. European overdependence on supplies from Russia is problematic due to potential shortfalls, not intentional volatility, suggests this article. The US has removed North Korea from its blacklist of terrorists after an inspection of its nuclear capabilities. The consumer price of gasoline in the US has recorded its largest drop of all time, falling 35 cents a gallon over the weekend.